earnings q3

· Net sales increased by 73% to 132.5 (76.5) MSEK
· Profit after financial items increased to 7.8 (1.3) MSEK
· Earnings per share increased to 1.96 (0.36) SEK
· Net profit margin increased to 5.9% (1.7)
· Cash at the end of the period was 153.9 (32.5) MSEK
(cash includes advanced research grants of approx. 6.0 (8.2) MSEK)
· Order intake increased to 17 (12) systems
· 15 (7) EBM systems were delivered during the period
· Order book at the end of the period was 11 (6) systems
· Strategic alliance formed with DiSanto Technology Inc.
· Introduction of new EBM system, Arcam Q10
· New share issues have raised a total of 113 MSEK in cash

· Order for EBM-system from GKN in the UK
Increased turnover and order intake

The strong growth in the second half of 2012 continues and during the first 9
months of 2013 the turnover increased by 73% and the net result was improved
significantly, compared to the same period 2012. The strong order intake
continues with 17 machine orders in the period, compared with 12 machine orders
in the same period of 2012. Trailing 12-month machine orders is 29 systems. The
aftermarket is developing well and aftermarket sales in the period were 46.0
MSEK.

Strong increase in sales and order intake
Â? Revenue increased 73% to 132.5 (76.5) million
Â? Profit after financial items increased to SEK 7.8 (1.3) million
(including non-recurring costs of about 3 million)
Â? Earnings per share increased to SEK 1.96 (0.36) per
Â? The profit margin increased to 5.9% (1.7)
Â? Cash and cash equivalents at end of period 153.9 (32.5) million
(in cash and cash equivalents include advanced by research grants of approximately 6.0 (8.2) million)
Â? Order intake amounted to SEK 17 (12) system
Â? 15 (7) EBM systems delivered during the period
Â? The order book at the end of the period was 11 (6) system
Â? Strategic cooperation agreement with DiSanto Technology in U.S.
Â? Introduction of new machinery, Arcam Q10
Â? Targeted issues has raised a total of over 113 million after expenses
Which, for the third quarter:

Gary predicted 10 deliveries. However, the report says 15 (7) EBM systems were delivered and I'm not sure what that means. Gary also said, he expected earnings in .23 to .25 per share and it looks like we came in at .36, which would be a huge beat. All in all I think this was a very solid report.

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